Indianapolis Colts owner Jim Irsay said Tuesday the team is continuing to work on a new contract for four-time MVP QB Peyton Manning.

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CHICAGO -- Indianapolis Colts owner Jim Irsay said Tuesday the team is continuing to work on a new contract for four-time MVP QB Peyton Manning.

While Irsay said there's no update on the status of negotiations now, he added the team is trying to operate stealthily to reach an agreement with Manning, whose current deal expires after the season.

"It's kind of like the 'Get Smart' cone of silence," Irsay said. "That's when you kind of get things done. So I think you get things done when it's quiet, and it's been quiet. So that's the way we want to move forward." ...